Two firms — one a Colorado-based hemp bioplastics company and the other a vertical-farming equipment manufacturer from the United Kingdom — were unanimously approved Thursday by the Colorado Economic Development Commission for state incentive packages aimed at enticing them to expand into Northern Colorado.
Project Dunia, an otherwise unnamed company described in commission documents as a “Colorado-based manufacturing company that produces hemp-based bioplastics that are designed for injection molding applications and are compostable,” is eyeing Weld County for a $20 million manufacturing facility.
It is the commission’s practice not to identify companies that the Colorado Office of Economic Development and International Trade is recruiting until incentives are accepted.
Project Dunia has been offered $203,313 in tax credits over eight years.
Should the company accept, it would commit to creating 28 new jobs at an average annual wage of $69,548. Those jobs would be “primarily production workers with some supervisors, office roles, and a few executive level positions,” according to OEDIT.
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